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Originally Posted by andyl
That argument may hold water if the market is static, but it isn't. Legal downloading is expanding revenues.
From the BBC in 2004( http://news.bbc.co.uk/1/hi/entertain...ic/4044303.stm): "UK record companies are celebrating their best ever year for album sales, with a record 237 million sold in the 12 months to September." And if you really want to depress yourself, have a look at the list of the top ten selling LPs (three of which, incidentally, are best ofs where the record company has alreeady recouped its recording costs......  ) |
I think that the article implies that copies sold, both physical and downloaded, has increased, not revenues. Look at the quote
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Some 60% of CD albums now sell for less than £10, which meant that although more albums were sold, their sales value fell slightly during the three months to September.
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There are a couple of points to take into consideration though. Would the record companies have sold more than 237 million if there was no internet downloading whatsoever. We will never know and can only theorise.
Secondly, how true is the 237 million figure? Is it based on copies sold by the record companies to wholesalers of which many may have never been sold on to customers. Is it extrapolated from sales of a sample of retailers which may be nothing like the truth. How is the figure arrived at as I know of no means whereby an accurate figure can be determined.